In the seven years Fidelity Investments has issued an annual retiree health cost estimate, the number has risen by 41 percent, which is a 5.8 percent average annual increase. The latest estimate is a 4.7 percent increase over 2007, and it says a 65-year-old couple that retires in 2008 can expect to need $225,000 to cover medical costs in retirement. And that doesn’t include over-the-counter medications, dental services and long term care.
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